Benjamin Toh Email and Phone Number
Benjamin has been recognized for his 16 years of consistent track record in delivering shareholder value. As both an MBA and CPA, he was able to effectively apply his robust financial knowledge into in real life business situations, creatively and tactically managed large and diverse teams through complex business cases while continuing to exceed stakeholders' expectations.In the recent 12 years of career in the chemicals industry, Benjamin has been extensively involved in the spinoff of performance coatings business from E.I. DuPont, which was sold to private equity firm, Carlyle. In a short period of four months, the business unit was separated from the parent company and operated independently as a fully standalone entity, now known as Axalta.Benjamin stabilized the new business operations with new legal entity structures within Asia Pacific and ensured optimization of cashflows. A year later, Axalta was re-listed back to NYSE and Benjamin had to conform to new regulatory reporting and SOX requirements.Over the next decade, Benjamin held various regional roles from FP&A, Controllership to Treasury, partnered various cross-functional teams to accelerate business growth, executed various initiatives from price optimization, cost management, cashflow optimization and M&As, transforming Axalta from a 5% EBITDA margin business to highly profitable 16% EBITDA margin business today.Prior to joining Axalta, Benjamin was an audit Assistant Manager in KPMG US GAAP unit. He served various clients ranging from the manufacturing, trading, semiconductor to commodities industries and provided a range of services including US GAAP and SOX compliance, transfer pricing reviews, valuations and consolidations.As an astute and successful finance professional, Benjamin earned his MBA from National University of Singapore, and majored in Accountancy in Nanyang Technological University Singapore. He is also a certified public accountant with the Institute of Singapore Chartered Accounts (ISCA).
Ben Line Agencies
View- Website:
- benlineagencies.com
- Employees:
- 515
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Head Of Financial Planning AnalysisBen Line Agencies Sep 2024 - PresentSingapore -
Regional Controller, Asia Pacific And Middle EastAxalta Coating Systems Oct 2012 - Mar 2024Singapore- Pioneer team that managed $4B spin-off, set up new entities and processes, executed financial/non-financial system migrations, spearheaded process improvement projects (shared service centers, outsourcing)- Responsible for timely financial reporting for 22 entities, covering regulatory compliance, audits, internal controls, direct/indirect tax, balance sheet reconciliations, transfer pricing, policies, legal/corp sec matters- Designated as subject matter expert for accounting/management accounting issues (new financial standards or processes), and appointed as key financial systems expert and Chart of Accounts lead for Asia- Coordinated with global shared service centers and service providers to ensure timeliness and accuracy of month end closings, tax and regulatory filings, internal controls, SOX and other legal compliance- Safeguarded company’s assets, ensured controls, processes and workflows are in-line with Group policies, provided trainings on accounting processes such as rebate programs, travel claims- Executed digitalization initiatives to drive efficiencies and improve processes to facilitate decision makingKey achievements:- Established Day 1 operating readiness as standalone company in Feb 2013; listed on NYSE in 2014- Set up new business footprint for Asia (China, Taiwan, India, Australia, Japan, Korea, ASEAN) and collaborated with external service providers to establish new finance and payroll processes- Singlehandedly transitioned controlling activities from India/Singapore to Global Shared Service Center- Timely group reportings with no reported control deficiencies within the region
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Regional Fp&A Manager, Asia Pacific And Middle EastAxalta Coating Systems Oct 2012 - Mar 2024Singapore- Responsible for financial reporting, profitability and cashflow- Headed regional FP&A team of 10 people, provided guidance, support and mentorship- Conducted monthly performance reviews with country business, commercial and finance leaders, deep-dived gross margins, plant productivities, fixed cost, identified risks and opportunities, and constructed regional outlooks/budgets/powerpoint decks for global leadership reviews- Coordinated with country sales, supply chain and demand teams in monthly integrated business planning meetings to align supply and demand, balance regional needs, and meet financial objectives- Analyzed monthly product sales data and standard cost variances to identify trends and opportunities, engaged in root-cause analysis, developed mitigation plans and drove actionable insights- Collaborated with cross-functional teams in regional/global projects to achieve financial targets including KPIs- Spearheaded budget cycles, aligned country level targets with regional/global expectations with multiple stakeholders, monitored performance and enhanced cost and spend control- Supported global leadership with financial insights, simplified and harmonized processes, challenged status quo and innovate to elevate performanceKey achievements:- Executed M&As from plant acquisitions to distributor acquisitions- Revived Malaysia business from red to black by revamping strategies, shifting priorities and optimizing cost- Successful new product launch in Korea with y-o-y increase in sales, improved margins- Reduced inventory levels in Australia, improving inventory turn (IDS)- Transformed Indonesia business by establishing new entity structure and improving EBITDA margins- Adopted digitalization tools to enhance reports and develop actionable insights, accelerated consol- Orchestrated multiple change managements, improved Asia’s EBITDA margin, FCF- Elected as top 20 candidates for regional leadership training, granted MBA scholarship
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Regional Treasury Manager, Asia Pacific And Middle EastAxalta Coating Systems Feb 2013 - Dec 2016Singapore- Responsible for cash monitoring, risk and liquidity management for Asia Pacific and Middle East region- Maintenance of bank account structures, banking platforms and treasury systems, including support for banking facilities (e.g. KYC, bank guarantees, cashpool, bank fees, FX and investment rates)- Risk assessment activities from banking regulation and anti-money laundering laws to hedging programsKey achievements:- Revamped cash forecasting process, developed consolidation tool reducing time spent- Implementation of CNY hedging program and cashpool in China- Set up financing programs improving cash conversion cycles in Vietnam and Indonesia- Successful automation projects involving multiple functions (automated interfaced payments and payroll)- Simplified regional banking landscape, reduced partnering banks, consolidated bank accounts, achieved >US$100K in annual savings from process simplification and automation -
Assistant ManagerKpmg Sep 2008 - Oct 2012Singapore• Performed financial statement audits for companies in conformance with US GAAP, Sarbanes Oxley Act (SOX), International Financial Reporting Standards and Singapore Financial Reporting Standards• Involved in other ad-hoc engagements such as transfer pricing reviews, valuations, listing announcements, consolidations, etc.• Clients comprise mainly manufacturing and trading (Komatsu, Philips, Infoprint – Ricoh), semiconductor (Applied Materials, Globalfoundries, SSMC), commodities sectors (BHP, Cargill), and Healthcare (Roche, China Healthcare) -
Accountant/OperationsEcs Pte Ltd Jan 2005 - Dec 20088 First Lok Yang Road• Maintained full set of local accounts, responsible for management and external reporting• Payroll, Work pass and S-pass applications• Prepared quotations for bidding to main contractors and spearheaded in operational standard work procedures (e.g. method of installations, safe work procedure, risk assessment forms), reducing man hours spent on paperwork by three days• Developed marketing and publicity tools, sourced potential equipment and machineries and creating a new line of business revenue stream
Benjamin Toh Education Details
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Master Of Business Administration - Mba -
Nanyang Technological UniversityAccounting -
Hwa Chong InstitutionA Levels -
Accounting
Frequently Asked Questions about Benjamin Toh
What company does Benjamin Toh work for?
Benjamin Toh works for Ben Line Agencies
What is Benjamin Toh's role at the current company?
Benjamin Toh's current role is Financial Leadership | Finance Planning & Analysis | Treasury | Controllership | CPA | MBA | Systems Expert | US GAAP | Cross Function Collaboration | Strategy Planning and Forecasting | Change Management | M&A.
What schools did Benjamin Toh attend?
Benjamin Toh attended Nus Business School, Nanyang Technological University, Hwa Chong Institution, Nanyang Technological University Singapore.
Who are Benjamin Toh's colleagues?
Benjamin Toh's colleagues are Subrat Kumar Moharana, Sathish R, April Ann Maritana, Bj Sabo, Hiro Morita, Pandu Wilantara Bhakti, Lam Tran.
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